Israeli P.M. hails new agreement with Turkey

Jun 27, 2016, 8:04 AM EDT
Israel's Prime Minister Benjamin Netanyahu
(Source: IsraelinUSA/flickr)

Israeli Prime Minister Benjamin Netanyahu said that a new deal, aimed at normalizing ties with Turkey, will significantly boost Israel’s economy. The relationship between the two nations became strained after Israeli troops killed 10 Turkish activists on a Gaza-bound ship six years ago. Turkey’s President Recep Tayyip Erdogan said he hoped the step would improve the humanitarian situation in Gaza.

The agreement, which will be signed on Tuesday, will allow Turkey to deliver relief supplies to the Gaza Strip and set up infrastructure projects in the Palestinian territories, writes the BBC. As part of the deal, Israel will pay total compensation of $20m for the dead activists’ families.

The leaders of the two countries will be outlining the details of the agreement in separate addresses later on Monday, notes Al Jazeera. Officials said that the agreement didn’t mention anything about Hamas although there were reports of Turkey agreeing to rein in the political group, which controls the Gaza Strip.

The two sides, which indulged in recriminatory exchanges in the aftermath of deadly raid on Turkish flotilla in 2010, have been seeking reconciliation in recent months. Analysts believe the deal to be a result of Turkey’s aspirations to restore its regional clout.