The move comes as a result of the spread of the SARS virus, which has caused havoc to sport across the Asian region.
The Women's World Cup could benefit hugely commercially, as a result of moving the event to the US in particular, where interest in the womens' game is high.
The FIFA Executive Committee, chaired by president Sepp Blatter, made the decision, in compliance with a unanimous recommendation from the Sports Medical Committee of football's world governing body, which advised against hosting the event in China because of the epidemic.
FIFA has confirmed both the US and Australia are interested in staging the event, and are keen for it to take place during roughly the same time period - September of this year.
At the same time the Executive Committee announced that the 2007 Women's World Cup would be awarded to China.
Meanwhile the FIFA Executive Committee has also agreed in principle in favour of increasing World Cup finalist slots from 32 to 36.
