German automotive components manufacturers are targeting Thailand for new investment projects in Asia. A dozen German component companies are showcasing their products at the Asia Automotive 2000 Fair taking place in Bangkok this week. Angela Mans of the German automotive trade association, the VDA, said that the event will "further promote Thailand as the 'Detroit of the East'". Lower production costs, recovering car sales and a large population are encouraging investors to set up strategic production bases, she added. Ms Mans also maintained that Thailand has higher potential than its neighbours to become the region's export hub, citing lower import tariffs on vehicles and parts, a commitment to free trade and a democratic government.