Israel and Turkey will normalize relations and reinstate their ambassadors and their consuls general, Israeli interim Prime Minister Yair Lapid's office announced.
Wednesday's decision follows a conversation between Lapid and Turkish President Recep Tayyip Erdoğan.
The decision was first reported on Wendesday by Channel 12 News, which predicted that within hours an official announcement would follow.
In a statement following the decision, Lapid said, "The resumption of relations with Türkiye is an important asset for regional stability and very important economic news for the citizens of Israel. We will continue to strengthen Israel's standing in the world."
"Following the understandings reached during Prime Minister Yair Lapid’s visit to Ankara with Turkish Foreign Minister Mevlot Çavuşoğlu and Prime Minister Lapid’s conversation with Turkish President Erdoğan, as well as the positive developments in Israel-Türkiye ties over the past year, the two countries have decided to restore full diplomatic ties," the statement added.
It added that on Tuesday night, "Foreign Ministry Director-General Alon Ushpiz spoke with Turkish Deputy Foreign Minister Sedat Önal, and the two concluded the matter. It was decided to once again upgrade the level of the relations between the two countries to that of full diplomatic ties and to return ambassadors and consuls general from the two countries."
"This restoration of diplomatic relations is a continuation of the positive direction in the development of relations over the past year, since President Herzog’s diplomatic visit to Ankara, and the reciprocal visits of the foreign ministers to Jerusalem and Ankara.
"Upgrading relations will contribute to deepening ties between the two peoples, expanding economic, trade, and cultural ties, and strengthening regional stability."
President Isaac Herzog's published the following statement on the renewal of the relations:
"I commend the renewal of full diplomatic relations with Turkey—an important development that we've been leading for the past year, which will encourage greater economic relations, mutual tourism, and friendship between the Israeli and Turkish peoples. Good neighborly relations and the spirit of partnership in the Middle East are important for us all. Members of all faiths—Muslims, Jews, and Christians—can and must live together in peace."