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.
After two years in the international wilderness, Adi Taviner is hoping to make up for lost time when she takes part in her second Women's Rugby World Cup which kicks off in Paris next Friday where Wales take on hosts, France.
The WRU's Women and Girls legacy events - #TRY OUR GAME have proved popular this week with current players and newcomers to the game learning new skills and picking up tips from national squad players.
We caught up with Shona and Ellie from the Wales women team ahead of the start of the Women's Rugby World Cup in Paris next month at a recent women's training session to encourage and promote more women and girls to try their hand at rugby. #tryourgame
The Women's Rugby World Cup warm-up clash between Wales and USA proved bittersweet for centre Elen Evans. Despite being one of the star performers on the day on her 50th Test appearance, USA edged home 10-7 at Cross Keys.
Wales completed their Junior World Championship campaign with a victory over Samoa. Team manager Mark Taylor and No 8 James Benjamin reflect on a tournament which saw Wales win three games and lose two.