Israel and Turkey on Thursday initialed a civil aviation agreement as part of a broader deal to broaden bilateral ties.
The aviation agreement would be the first of its kind to be signed since 1951, and would allow Israeli airlines to resume flights to Turkey.
On Tuesday, Israel’s Economy and Industry Minister announced the reopening of Israel’s economic office in Istanbul on August 1, after the office’s activities were drastically reduced in 2019.
The return of an Israeli economic attaché in Istanbul will affect about 1,540 Israeli companies currently exporting to the Turkish market and help strengthen their business operations within this market, the ministry said in a statement.
According to the Foreign Trade Administration, mutual trade of goods and business services between Israel and Turkey in 2021 stood at $7.7 billion, an increase of about 30% compared to 2020.