Ronald Reagan actually said...

Designation is an important step for the Bahamas in its effort to strengthen its economy.

I wish to inform you of my intent to designate the Bahamas as a beneficiary of the trade-liberalizing measures provided for in this Act.

The Bahamas have demonstrated to my satisfaction that its laws, practices, and policies are in conformity with the designation criteria of t...

I am now adding the Bahamas to the list of 'beneficiary countries.'