Italy and the Netherlands had proposed to split a two-year term for their position in the UN Security Council after the two countries became tied for a non-permanent seat in the council.
After five rounds of voting at the 193-member UN General Assembly, neither of the countries can attain the two-thirds majority vote needed.
Each one of them received 95 votes in the previous round.
Meanwhile, Bolivia, Ethiopia, Kazakhstan and Sweden have secured their two-year council mandates in one of the most contested elections ever.
Italy said it was a ‘message of unity between the two European countries.’
A European diplomat said that it was a ‘truly European gentlemanly agreement.’
On January 1, all countries voted into their seats will start their two-year-term on the council on January 1. They would take their seats alongside five other council members including Britain, France, China, Russia and the United States.
Egypt, Japan, Senegal, Ukraine and Uruguay are also entering the non-permanent seats of the Security Council.
As it campaigned to be part of the security council, Italy showed itself as a crossroads country in the Mediterranean. It also said its ability to deal with the refugee crisis – which it handled by majority alone until other EU Countries came in for support.