"Our global partners are finally ready to follow this. Progress has been achieved. Implementation is the next challenge. We should push forward," he said at a news conference after an informal meeting of the Economic and Financial Affairs Council (ECOFIN) in Vilnius on Saturday.
Šemeta said he was confident that the measures would be implemented.
"We should expect an important movement in this direction. These measures were almost unimaginable a few years ago," he said.
Šemeta noted that the European Commission's proposed financial transaction tax and its possible non-compliance with legislation has also caused much discussion in Europe recently. Although this issue was not discussed in Vilnius, the Commission's lawyers are "absolutely confident" about the legality of the proposed tax, he said.
"It was the subject of much speculation. The Commission is absolutely confident about its legal certainty. We stand ready to answer any questions," the commissioner said.
Šemeta seeks that his proposed automatic exchange of tax-related information should become an international standard.
EU finance ministers on Saturday discussed European and global proposals regarding a new single global standard for automatic exchange of information on taxation.
The Commission has repeatedly called on state leaders to introduce a system for automatic exchange of banking information to help prevent avoiding of taxes on savings held in the EU.
