The Zimbabwean economy has lost economic impetus since 2012 after there was indication of an economic resurgence in the period 2009 to 2012, with economic growth averaging 11% annually. In 2009, Zimbabwe introduced a multiple currency system, accepting the US dollar and the South African rand as legal tender.
The African Growth and Opportunity Act (AGOA) is an Act from the United States (US) that was passed on 18 May 2000 as Public Law 106 of the 200th Congress and has been renewed to last until 2025. Its primary aim is to strengthen market access for sub-Saharan African (SSA) countries that qualify to be a part of this Act.
The top two trade agreements signed by this small island are the Common Market for Eastern and Southern Africa (COMESA), and the Cotonou Partnership Agreement (CPA). COMESA is a free trade area that was formed in December 1994, taking the place of a Preferential Trade Area (PTA) which was in existence since 1981.