Addressing the Executive Council of the UNWTO, Francesco Frangialli announced that he would be stepping down at the beginning of 2009 to allow for a smooth transition before the normal end of his final term of office. He reflected on the main structural achievements during this period:The creation of a universally accepted system of Tourism Satellite Accounts (TSA) to accurately measure the impact of tourism in national economies.The adoption of the Global Code of Ethics for Tourism which had been recognized by the UN General Assembly as the basis for responsible tourism.The placing of tourism as a key element in the international agenda for sustainable development and the achievement of the UN Millennium Development Goals.Source: UNWTO press release>>.