According to a statement, measures would apply to the export of products from 54 different categories, including iron, marble, steel, cement, aluminum, brick, fertilizer, and more.
A Turkish court in January ordered the arrest of 15 people and the deportation of eight others suspected of having links to Mossad and targeting Palestinians living in Turkey.
Turkey has previously warned Israel of "serious consequences" if it tries to hunt down members of Hamas living outside Palestinian territories, including in Turkey.
Erdogan’s entire, long reign in power has been an effort to come across as the defender and protector of the Palestinians and Jerusalem to gain stature in the Arab and Muslim world.
It was announced on Monday morning that Yehezkel had been released by the Turkish court and was set to be deported from the country.
Erdogan also said that he is not losing hope for a lasting peace in the conflict adding that Hamas cannot be excluded from its potential solution.
Turkey, which has strongly criticized Israel as the humanitarian crisis in Gaza worsened, supports a two-state solution while hosting members of Hamas.
Despite the return of the ambassador to Turkey, President Erdogan noted that Turkey is not severing diplomatic relations with Israel in full.
Israeli diplomats in Turkey had left the country before the Foreign Ministry recalled them due to security concerns after pro-Palestinian protests erupted across the country.
Erdogan, who had warmed to Israel in recent years, has regularly met with leaders of Hamas, which is considered a terrorist organization.
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