Argentina signed a tax information exchange deal with the United States to improve the alliance between the tax agencies of the two countries, Reuters reported.

U.S. Treasury Secretary Jack Lew applauded President Mauricio Macri's efforts to reform Argentina's economy, ending tensions between the countries.

"This agreement furthers Argentina's reintegration in the global economy and marks an important next step in the new era of the U.S.-Argentina relationship," Lew reportedly said in a statement. "It is our hope that such actions will make a meaningful contribution to the efforts of President Macri's government to rebuild institutions, re-establish credibility, improve governance, and implement structural reforms."