Peel and chop the onion and garlic. Core and dice the bell pepper and chili pepper.
Heat the olive oil in a large skillet or pot over medium heat. Add the onion and sauté for 2-3 minutes, until translucent.
Add the garlic, bell pepper, and chili pepper. Stir and cook for another 3-4 minutes, allowing the flavors to develop.
Add the tomato paste, diced tomatoes, and all the spices (salt, pepper, cumin, smoked paprika, sugar). Stir well and cook for 5 minutes.
Rinse the beans and corn under cold water, then add them to the pot. Stir to combine, and simmer over medium heat for 15-20 minutes, stirring occasionally.
Taste and adjust the seasoning as needed. Add a little more salt or pepper if desired.
Serve hot, garnished with fresh cilantro or parsley. Rice or tortilla chips are excellent accompaniments.
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