Similar concerns were echoed by Australian industrial policy advocates when a change to its merger regulation was considered. It was argued that focusing on a "substantial lessening of competition" as opposed to market dominance might "obstruct mergers unnecessarily", restrict the capacity of Australian companies to "compete effectively in the global marketplace" and that an intrusive merger policy might "hamper the growth of national industry". Despite the fact that GE and Honeywell are American companies, the effect of that merger could have a negative impact on Europe's competition market. Bearing in mind that thousands of the companies employees are situated in Europe with a turnover that reach up to billions of dollars on a yearly bases (Even though, concentrations that might so happen overseas, the effect of those concentrations were tangible in Europe) In effect, the European Commission has every right to block those kinds of concentrations.         