1. In a medium saucepan, add Ciao Tomato Paste, honey, vinegar, water, sugar, salt, onion powder, and garlic powder. Whisk thoroughly to combine. 

2. Place the saucepan over medium heat. Continue whisking frequently until the mixture reaches a boil, about 7 minutes. 

3. Once boiling, reduce the heat to low. Simmer for 25 minutes, whisking occasionally to prevent sticking and ensure even cooking. 

4. Remove the pan from heat and cover. Allow the mixture to cool completely at room temperature. 

5. Once cooled, transfer the sauce to an airtight container and refrigerate. It will thicken slightly, and the flavors will develop further as it chills. 

6. Serve and enjoy with Frienn French Fries.