"An import export is a section of our company that facilitates trades of goods and commodities between domestic and foreign companies."
What Does Import-Export Business Mean?
What is the definition of import export business? The Export/Import business is primarily an expansion of trade boundaries wherein several business models exist. Just like the conventional business, a person with the requisite Export/Import license can sell his manufactured goods to clients abroad, can act as an intermediary between the local manufacture and overseas buyer or vice versa, and can be directly purchasing good produced abroad and selling them in the native market. The export-import business becomes unique with the involvement of various stakeholders and risks, which do not come into picture with domestic trade.