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In this video, Eric Goldschein discusses the fundamentals of starting an import/export business, emphasizing its enduring relevance regardless of global economic conditions. The import/export market spans various categories, such as capital goods, consumer goods, and food, representing an industry worth hundreds of billions of dollars. Historically, trade has been integral to society, enabling the exchange of products like clothing from China or cars from Germany. For entrepreneurs, identifying a marketable product for international trade is a key first step. Additionally, he introduces different types of import/export businesses, such as export management companies (EMCs), which facilitate the export of goods on behalf of domestic businesses looking to access foreign markets.