Trieste and the surrounding area were incorporated into a new independent state called the Free Territory of Trieste. In 1954, the administration of the main area and present-day Free Territory was sub-entrusted by the Governments of the United States and of the United Kingdom to the Italian Government, while the mandate of the Yugoslav Army was ceded to the Yugoslav Government with the Memorandum of Understanding of London regarding the Free Territory of Trieste.
As provided by Annex XI of the Treaty, upon the recommendation of the United Nations General Assembly in Resolution 390 of 2 December 1950, Eritrea was federated with Ethiopia on 11 September 1952. Eritrea gained its independence from Ethiopia de facto on 24 May 1991 and de jure on 24 May 1993.
Italy was obliged to pay the following war reparations : The amounts were valued in the US dollar at its gold parity on 1 July 1946. The reparations were to be paid in goods and services over a seven-year period.
Military clauses
Articles 47 and 48 called for the demolition of all permanent fortifications along the Franco-Italian and Yugoslav-Italian frontier. Italy was banned from possessing, building or experimenting with atomic weapons, guided missiles, guns with a range of over 30 km, non-contact naval mines and torpedoes as well as manned torpedoes. The military of Italy was limited in size. Italy was allowed a maximum of 200 heavy and medium tanks. Former officers and non-commissioned officers of the Blackshirts and the National Republican Army were barred from becoming officers or non-commissioned officers in the Italian military. The Italian navy was reduced. Some warships were awarded to the governments of the Soviet Union, the United States, the United Kingdom and France. Italy was ordered to scuttle all its submarines and was banned from acquiring new battleships, submarines and aircraft carriers. The navy was limited to a maximum force of 25,000 personnel. The Italian army was limited to a size of 185,000 personnel plus 65,000 Carabinieri for a maximum total of 250,000 personnel. The Italian air force was limited to 200 fighters and reconnaissance aircraft plus 150 transport, air-rescue, training and liaison aircraft and was banned from owning and operating bomber aircraft. The number of air force personnel was limited to 25,000.
Political clauses
Article 17 of the treaty banned fascist organisations in Italy.
Annexes
A subsequent annex to the treaty provided for the cultural autonomy of the German minority in South Tyrol.
