Turkish President Recep Tayyip Erdoğan approved the normalization deal with Israel, which was recently passed by the parliament.
The deal is expected to restore diplomatic relations between the two countries, which will exchange ambassadors in the next few weeks, the Daily Sabah reports.
Relations between the former allies imploded in 2010 following an Israeli naval raid on a Turkish aid ship trying to breach Israel’s blockade of the Hamas-controlled Gaza Strip. The raid, in which IDF commandos were attacked by activists on board, left 10 Turks dead and several soldiers wounded.
Under the terms of the reconciliation agreement, Israel will pay a 'lump sum' of $20 million in compensation to the victims within 25 days.
