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 annual Women's club launch was held at the Wales Centre of Excellence where National Women's Head Coach and Programme Lead Rhys Edwards, Competition Secretary Adrian Howell and Cardiff Met player Ffion Jones express eagerness for the new campaign to get under way.
WRU TV follows Wales' RWC training squad on day one of their camp in North Wales. The squad were greeted to an official welcome in Colwyn Bay and then headed for an afternoon of team building at ZipWorld