Turkey withdrew its demand that Israel halt its Gaza blockade, but Israel will allow Turkey to establish building projects in Gaza with the building materials entering Gaza through Israel's Ashdod Port.
Turkey will send a cargo vessel full of humanitarian aid on Friday to the Gaza Strip, which has been blockaded by Israel.
Trend: An agreement on the normalization of relation signed on June 28 between Turkey and Israel will favor stability in the Gaza Strip, Nimrod Goren, the founder and chairman of Mitvim - Israeli Institute for Regional Foreign Policies, believes.
Netanyahu said it is a "clear" Israeli interest to help resolve Gaza's water and electricity woes. "I apparently do not have the right to express a political opinion, which was why I was booted out of the Knesset", she said.
The agreement had been formally announced a day earlier. Nine Turkish activists were killed aboard the Turkish ship MV Mavi Marmara during the 2010 Israeli military operation against civilian ships that sparked the break in relations. Both sides have been pushing to complete the deal in recent months, with Israel in search of a potential customer for its offshore gas exports and North Atlantic Treaty Organisation member Turkey wanting to restore its regional clout, analysts say.
On Wednesday, the ministry announced that it would resume the import of watermelons from Israel after an eight-year ban put in place by the Palestinians. "That was the mission", Maariv quoted the anonymous soldier as saying.
In an interview on Army Radio, Zoabi said that by agreeing to pay compensation, Israel had admitted that it was responsible for "murder".
Senior Palestinian official Hanan Ashrawi says the deal is based on the self-interest of both parties.
Although the two governments will appoint ambassadors immediately following the agreement's ratification, it is premature to hope that Israel and Turkey will once again be the close allies they were for decades.
"And it will be a huge mistake by both not to use this opportunity and to build better relations, better trade".
"We want the rebuilding of Gaza", said a high Israeli official during Netanyahu's visit to Rome.
Reports in recent days described a compromise on the issue.
"Israel will find excuses to cancel the rebuilding of Gaza, meaning that the final result of the deal as far as the Palestinians are concerned will be zero", the source said.
Israel's Security Cabinet approved the reconciliation agreement with Turkey.
Relations between Israel and Turkey began to decline soon after President Recep Tayyip Erdogan, whose party has Islamist roots, became prime minister in 2003.
He also called on Turkey to do everything it can to make sure that the bodies of two dead soldiers, killed during Israel's 2014 military campaign in the Gaza Strip, will be returned home.