Measure dry ingredients into a small container, mix together well, and set aside.
In a medium sized saucepan, combine tomato paste with water over medium heat until it has a uniform consistency.
When it begins to bubble, add pre-measured spices and reduce heat to medium-low. Allow to simmer, uncovered, 35 to 40 minutes until it reaches desired thickness. Stir occasionally. Cover and cool to room temperature.
Refrigerate in an airtight container until needed, (up to 4 weeks).