Treaty of Peace with Italy, 1947 Treaty of Peace with Italy, 1947 The Treaty of Peace with Italy (one of the Paris Peace Treaties) was signed on 10 February 1947 between Italy and the victorious powers of World War II, formally ending hostilities. It came into general effect on 15 September 1947. Italy Counterpart: Italian Somaliland was under British administration until 1949 when it became a United Nations Trust Territory under Italian administration. Italian Somaliland combined with British Somaliland on 1 July 1960 and together they became the Somali Republic. Italy was obliged to pay the following war reparations (article 74): The amounts were valued in
Peace treaty Peace treaty A peace treaty is an agreement between two or more hostile parties, usually countries or governments, which formally ends a state of war between the parties. It is different from an armistice, which is an agreement to stop hostilities, or a surrender, in which an army agrees to give up arms, or a ceasefire or truce in which the parties may agree to temporarily or permanently stop fighting. A treaty's content usually depends on the nature of the conflict being concluded. In the case of large conflicts between numerous parties there may be one international treaty covering all