We study zero-error communication and exact simulation of quantum channels assisted by quantum no-signalling correlations. For a channel with Kraus operator space $K$, we introduce a semidefinite programming parameter $Γ(K)$ that is exactly multiplicative under tensor products and upper-bounds $Θ_{\rm NS}(K)$, where $\log_2Θ_{\rm NS}(K)=C_{0,\rm NS}(K)$ and $C_{0,\rm NS}(K)$ denotes the asymptotic quantum no-signalling-assisted zero-error capacity. Among known upper bounds on $Θ_{\rm NS}$ given by semidefinite programs, $Γ$ is the tightest. We also prove that the previously introduced simulation lower bound $Σ^{-}(K)$ is exactly multiplicative and satisfies $Θ_{\rm NS}(K)\leqΓ(K)\leqΣ^{-}(K)\leqΓ(K)^2$. Using this multiplicativity, we show that neither $S_{0,\rm NS}(K)=\log_2Σ^{-}(K)$ nor its regularized extension $S_{0,\rm NS}(K)=\lim\nolimits_{n\to\infty}n^{-1}\log_2Σ^{-}(K^{\otimes n})$ holds in general. This answers an open question about the asymptotic simulation cost $S_{0,\rm NS}(K)$. For classical-quantum channels, we obtain sharp bounds. If $r$ is the effective output dimension, then $Θ_{\rm NS}\leqΓ\leq(1+r^{1/2})Θ_{\rm NS}/2$ and $Γ\leqΣ^{-}\leq(1+r^{1/2})Γ/2$. If $k$ is the minimum rank of the output support projections, then $Σ^{-}/Θ_{\rm NS}\leq[(1+r^{1/2})/(1+k^{1/2})]^2$, and this bound is sharp for every $1\leq k\leq r$. Thus, we obtain the sharp bound $S_{0,\rm NS}-C_{0,\rm NS}\leq2\log_2[(1+r^{1/2})/(1+k^{1/2})]$.

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