The International Rugby Board (IRB) has approved plans for a game between the northern and southern hemispheres in November at the Millennium Stadium in Cardiff.
The proceeds from the match, which will be played biennially in the future, will be used to assist the promotion of rugby in several financially disadvantaged countries.
Former Lions coach Syd Millar, chairman of the IRB technical committee, will appoint coaches for both teams, with Australian legend Michael Lynagh acting as match manager.
The game is planned to take place in Cardiff on 30 November at the end of the Autumn series of internationals in the northern hemisphere.
"This initiative will help re-establish and rejuvenate the game among proud rugby countries like Fiji, Samoa, Tonga and Romania," said Australian Rugby Union managing director John O'Neill.
"It will also help create a much more competitive structure at the elite level."
The IRB has also moved to stop player burn-out in the busy fixture lists of the professional era, calling on countries to make sure top players get an eight-week break during the year.
"In the interests of player welfare at the elite level, it is recommended that there should be a minimum eight-week break," the IRB said in a statement.
Leading coaches are worried that players are being forced to play too often.
After a council meeting the IRB also said it planned to take a lead in dealing with referee abuse.
It has also approved two minor law changes.
All starts and restarts of matches will be by means of a drop kick in the future instead of a place kick.
"This will come into effect on 1 June 2002 in the Southern Hemisphere in time for the Tri-Nations series and on 1 August 2002 in the Northern Hemisphere," the IRB said.
The Webb Ellis Cup visited Lampeter on Monday to recognise the fact that the town is celebrating a major milestone as it is believed the first ever game of rugby played in Wales, was in fact played in Lampeter 150 years ago.
Cardiff Blues U18 Girls will go into Sunday's Gemau Cymru with an extra spring in their step after Welsh internationals Elinor Snowsill and Philippa Tuttiett offered some last minute tips at a training session earlier this week.
Rob Howley and Josh Lewsey addressed more than 250 community club coaches and referees at the first WRU National Community Conference on the weekend. The volunteers benefitted from coaching masterclasses and workshops in a bid to connect all levels of the rugby pathway in Wales.
UEFA has today confirmed the Football Association of Wales (FAW) has been successful in its bid for the Millennium Stadium to host the 2017 UEFA Champions League Final on Saturday 3rd June, 2017 (kick-off: 19.45hrs GMT).
The winners of a filmmaking competition organised by the education charity Into Film and the WRU enjoyed a behind the scenes tour of the Millennium Stadium - and a chance to be photographed with the WRU's fire-breathing, rugby loving mascot, Scorch The Dragon, and Welsh international, Jake Ball.