The Royal Trophy - to be played in Thailand - has been sanctioned by the Asian, Japan and European Tours, clearing the way for the teams to field their strongest possible line-ups.
Five-time major winner Seve Ballesteros has been confirmed as Europe's non-playing captain.
The inaugural Royal Trophy will be held on January 5-8 at the Amata Spring Country Club in Bangkok.
Each team will comprise eight players, led by a non-playing captain, competing in a series of 16 matches involving foursomes, four-balls and singles.
Lincoln Venancio, managing director of event promoter Entertainment Group Limited, said: "Golf is growing tremendously in Asia. The Asian team will be strong and competitive and is likely to feature players from a number of the major Asian golfing nations and territories such as Japan, South Korea, China, Taiwan, India and, naturally, the host country Thailand."
