The International Olympic Truce Foundation decided in Lausanne on Friday that the 2007 Olympic Truce conference will be held at ancient Olympia, Greece's semi-official news agency ANA-MPA said.
The joint memorandum was signed by Greek Tourism Development minister Fani Palli-Petralia and International Olympic Committee president Jacques Rogge at the meeting of the foundation.
Rogge and Petralia hold the chairman and vice-chairwoman of the foundation respectively.
Rogge congratulated Greece for its help in distributing the concept of the truce around the world.
Petralia said that the conference would be a "global peace event" that would attract important figures from the world of politics, sports and education.
She added that ancient Olympia would once again become the international center of the Olympic truce, providing an opportunity to propagate its values and ideals.
The Greek side also presented proposals and themes for promoting the spirit of the Olympic truce worldwide in the run-up to the Beijing Olympics.