Prime Minister Julia Gillard says pressure on business and industry from the high Australian dollar makes it even more vital to cut red tape and streamline the national economy.
Ms Gillard will sit down with 26 business chiefs and state and territory leaders in Canberra today for the inaugural COAG business advisory forum.
The three-hour session will start just as jobs figures for March are released, with a slight rise in unemployment from 5.2 to 5.3 per cent expected to show the economy weakening.
The forum will canvass ways to cut business regulation, streamline major project approvals, reform the energy market and fast-track low-risk, low-impact developments.
The meeting's outcomes will be put on the agenda for the Council of Australian Governments meeting tomorrow. AAP