Armenian commercial capital played a significant role in international trade in the 17th and 18th centuries. The merchants were engaged in lively commercial activity in Russia, Tbilisi, Baku, Persia, Turkey, India, and in European countries.
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Writings
Mercantilism in Armenian reality was expressed by individual authors, who wrote works which have not become part of a state policy system, because the activity is mainly focused on the commercial bourgeoisie of foreign countries.
Zakaria Agulleci
In the 17th century one of Armenia's famous merchants was Zakaria Agulleci (1630–1691), who presented a level of wholesale and retail prices in different countries and information about a system of coin issue.
Shahamir Sahamiryan
Another who played a significant role was Shahamir Sahamiryan (1723-1797). He commented on protectionist policies and high taxes.