The Treaty of Paris between Italy and the Allied Powers was signed on 10 February 1947, formally ending World War II hostilities between the parties. It came into general effect on 15 September 1947.
The transfer of several territories in the eastern Adriatic that Italy had obtained following the Treaty of Rapallo in 1920 and the Treaty of Rome in 1924 was penalized, and the Free Territory of Trieste was established. A few territories were transferred to France. Italy renounced its colonial and overseas possessions, officially recognized Ethiopia and Albania as independent, and was required to pay war reparations. All Italian fascist organisations were to be banned.
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