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"strategic partner" is a correct and usable phrase in written English.
You can use it to refer to a business or individual who has a long-term, mutually beneficial relationship with another business or individual. For example, "ABC Company is proud to announce our new strategic partner, XYZ Inc."
Exact(60)
"But China can be a strategic partner".
China is not our "strategic partner".
Transition from information provider to strategic partner.
Now you're talking about the "Strategic Partner" level.
This has made energy-rich Iran a natural strategic partner.
They once talked of Russia as a "strategic partner".
But they also see Moscow as a vital "strategic partner".
For one thing, Russia considers Armenia its strategic partner.
Such comments indicate that China is not America's "strategic partner".
That public document notes Cambridge Analytica as a "strategic partner".
There are variations: A Strategic Partner gets a blue dot and access to an exclusive lounge.
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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