Lapid, for his part, said that Turkey and Israel are opening a new chapter in relations and aim to expand economic ties while beginning to work on a new civil aviation agreement.
"The goal is to form and expand economic and civil cooperation between our countries to create business to business and people to people connections and to leverage our two countries, with their comparative advantages regionally and globally, even during the pandemic, and even in times of political tension," Lapid said.
"We agreed to bring new synergy to our bilateral relations in many fields and establish different mechanisms from now on," Сavusoglu said.
Speaking after one-on-one and delegation-level talks, Сavusoglu said the countries' bilateral trade volume surpassed $8 billion last year, noting that the figures for the first quarter of this year are "very promising."
"We are determined to increase our trade volume and economic cooperation. It is mutually beneficial," he added.
Lapid said Israel and Turkey are launching a new framework to strengthen bilateral relations at various levels. He said that the two countries “have always known how to return to dialogue and cooperation.”
“Nations with long histories always know how to close one chapter and open a new one. That is what we are doing here today,” he continued.
"Israel expects to see progress with Turkey not only in our diplomatic and security relations, but on the economic front as well," he emphasized.
"Beyond diplomacy ... Israelis simply love Turkey; every day dozens of flights leave Israel for Turkey with thousands of Israelis who love your culture, your music, your beautiful beaches and colorful bazaars," the top Israeli diplomat said.
He said the "fruitful and honest" dialogue will "initiate a new framework to improve our relations that will benefit not only us but our children for years to come."