At stake is Myanmar's constitution, written by the military in 2008, which does not allow Suu Kyi to run for president because her sons are foreign citizens.
With the elections months away, time is running out for Suu Kyi and ethnic minorities, who feel the constitution and electoral law put them at a disadvantage.
The unprecedented talks at the presidential house in Naypyitaw brought together President Thein Sein, Suu Kyi, top military commander Senior General Min Aung Hlaing, the speaker and the president of both houses of parliament and a representative of ethnic minorities, Aye Maung.
Lawmakers and Suu Kyi had called last year for dialogue, but the president and the army chief avoided it.
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"What is important is that these talks continue and this should lead to the kind of agreements that will smooth the way to free, fair, inclusive elections," Suu Kyi told reporters yesterday.
Myanmar was under military rule from 1962 until 2010, when the generals allowed polls leading to an elected government, but under rules critics said were unfair and allowed the defense forces to continue to hold power behind the scenes. At the same time, Thein Sein has started a process of political and economic liberalisation after the decades of repressive rule.
She declined to say if her party would boycott the elections if she finds conditions unacceptable, as she has suggested in the past.
"We keep our cards close to our chests until such time as we need to show them," she said.