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"business associate" is a correct and usable phrase in written English.
You can use it to refer to someone that you have a professional relationship with in the business world, such as a coworker or someone you collaborate with on a business project. For example: I'm meeting with my business associate next week to discuss our joint venture.
Exact(57)
Business associate or buddy?
A deal is struck between you and your business associate.
Dear Friend, Family Member, Loved One, and/or Business Associate:.
But Martin's close business associate, Charles Johnson, is unaccounted for.
Met Mrs. Hines and Roy Park, a business associate.
Into the breach stepped his father, who summoned a business associate, Gypsy Rose Lee.
The allegation was made by a former business associate during a money-laundering trial in Germany.
What's the best way to communicate with a new business associate in China before your arrival?
Mr McNally has been a close business associate of Mr Ecclestone since 1984.
Mr. Wolman had appointed Ed Snider, a former business associate, to run the Eagles' business operations.
Now a split with a longtime business associate promises to be almost as acrimonious.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com