Operation Trio consisted of two parts, Trio I and Trio II. Together they comprised one element of the Axis effort known as the Third Enemy Offensive (Serbo-Croatian: Treća neprijateljska ofenziva) in post-war Yugoslav historiography. The joint Italian-Chetnik offensive in Montenegro and eastern Herzegovina formed the other element. The Third Enemy Offensive forms part of the Seven Enemy Offensives framework in Yugoslav historiography.
The operation was of limited effectiveness due to several factors, including preemptive action by the Ustaše militia and Italian delays. The area of operations straddled the demarcation line between the German and Italian zones of occupation within the NDH, which led to mutual suspicion and lack of coordination. Both insurgent factions avoided fighting the Axis and NDH forces, instead focusing on fighting each other. After Operation Trio, the Partisan leader Josip Broz Tito, his Supreme Headquarters and the Partisan main force, consisting of the 1st and 2nd Proletarian Brigades, withdrew from their base of operations around Foča. After briefly reorganising around Zelengora mountain south-east of Foča, they moved their operations to western Bosnia for the remainder of 1942.
Operation Trio coincided with and contributed to the polarisation of the almost exclusively Serb rebels in eastern Bosnia into two groups: the Serb-chauvinist Chetniks and the multi-ethnic and communist-led Partisans. Encouraged by Chetnik propaganda against Croats and Bosnian Muslims and repelled by the sectarian left-wing policies and actions of the communists, many Serb peasant fighters were swayed to the Chetnik cause. Violent coups occurred against the communist leadership of all but one of the Partisan detachments in eastern Bosnia, and these detachments effectively defected to the Chetniks. Most of the surviving communist fighters from these detachments rejoined the Partisan forces, and many withdrew with Tito to western Bosnia during the Partisan Long March. Within a few weeks of the end of Operation Trio only 600 Partisan fighters were left in eastern Bosnia, comprising the Group of Shock Battalions and the Birač Partisan Detachment. All these forces sought refuge in the Birač region. The Chetnik movement in eastern Bosnia, at best a confederacy of local warlords, was strengthened by mass defections from the Partisans. For a time they ruled large parts of the region, after making accommodations with the Ustaše regime in May and June 1942.
During Operation Southeast Croatia, Josip Broz Tito, his Supreme Headquarters and the 1st Proletarian Brigade commanded by Spanish Civil War veteran Konstantin "Koča" Popović, had withdrawn south to Foča, on the boundary between eastern Bosnia and Herzegovina. With the help of Montenegrin Partisans, they established a liberated area around Foča and Goražde. This area, known as the "Foča Republic", was expanded by subsequent military operations. By late March, People's Liberation Councils had been established to govern 10 towns and 92 villages in the liberated area, but communist organisation in the area was limited and of poor quality.
At the end of 1941, there were six Partisan detachments in eastern Bosnia, with about 7,300 fighters operating in the Majevica, Ozren, Birač, Romanija, Zvijezda and Kalinovik areas. In January 1942, the Romanija detachment had borne the brunt of Operation Southeast Croatia and had been effectively destroyed. Many Partisan fighters were Serb peasants who took to the forests and mountains to defend their families and villages against the Ustaše; few were ideologically committed to the Partisan cause. The Chetnik forces in eastern Bosnia had not opposed the Axis offensive. Many had withdrawn across the Drina river into the Territory of the Military Commander in Serbia to avoid engagement with German and NDH forces.