The government is insisting that the tax reform will cause the prices of a series of products to drop as a consequence of the abolition of tariffs and the exchange rate commission, and announced that it will not allow speculation on those products. The Industry and Commerce Minister Francisco Javier Castillo said that his department is preparing a list of products with the intention of monitoring their pricing trends. He warned that the authorities will not allow the tax reform to be used as an excuse to increase prices, and said the government would have to act drastically if that happens. He stated that even products that are currently subject to VAT (ITBIS) would go down in price because the rate of VAT is lower than the exchange rate commission, which is due to be abolished.