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"strategic relationship" is a correct and usable phrase in written English.
You can use this phrase when referring to a relationship between two people, organizations, countries, or any other entities that involves the joint planning and implementing of goals and objectives in order to further both parties' interests. For example, "The two companies had a strategic relationship that allowed them to open up new markets together."
Exact(60)
Strategic Relationship manager, Innovate UK.
We built a strategic relationship there.
Iran's strategic relationship with Hezbollah is solid.
There's talk of a strategic relationship.
Then, Pakistan's strategic relationship with US was not in doubt.
DECLARATION We are achieving a new strategic relationship.
It signalled a new strategic relationship with Egypt this week.
The strategic relationship between the United States and Saudi Arabia is a critical strategic relationship for our security.
I am very happy with the strategic relationship you have formed with the Russians.
It also said it hoped the incident would not impact its strategic relationship with the US.
There was the "coherent strategy", the "strategic framework", the "strategic relationship".
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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