The agreement has been signed during Argentine President Cristina Fernandez de Kirchner’s meeting with Chinese President Xi Jinping in Beijing, China, reports Xinhua news agency.
In addition to the nuclear deal, a total of 14 agreements have been signed by the two nations for cooperation in energy, financing, space technology, media, and information technology.
Press TV cited Jinping as saying: "Both sides are committed to strengthening our cooperation in various fields, especially our cooperation on basic infrastructure development… and in promoting the sound and stable development of bilateral trade."
As part of the development deal, China will also transfer nuclear technology to Argentina in order to strengthen their strategic partnership.
Over the next five years, China is planning to invest approximately $250bn in Latin America.
