Bulgaria's Prime Minister Boyko Borisov has welcomed the signing of a memorandum between Bulgaria and Palestinian authority which creates a joint ministerial committee.

Borisov was on a visit to Ramallah on Wednesday where he met counterpart Rami Hamdallah.

Welcome to Palestine PM @BoykoBorissov pic.twitter.com/0QMSOq9QN2

— Rami Hamdallah (@RamiHamdalla) February 24, 2016

The two heads of government attended the signing ceremony which involved the two respective foreign ministers. Bulgaria's top diplomat Daniel Mitov said after the signatures were placed the document was bringing about opportunities to boost cooperation in areas such as economy, trade, agriculture, and internal affaris, according to the government press office.

For his part Borisov noted bilateral trade has much potential, with the food industry in Bulgaria recording notable increase in exports to Palestine and with a useful experience in tourism and infrastructure that Sofia could offer.

Borisov also had a conversation with the Palestinian authority's President, Mahmoud Abbas.

He said Bulgaria welcomed all kings of initiatives that could lead to a "positive development of the Middle East Peace Process".