Great question, and no it doesn't. Part of the UN's push[1] around this treaty is ensuring that it actually has teeth and isn't just hot air. For example, it recommends the involvement of World Bank, International Monetary Fund, World Trade Organization and International Labour Organization in the negotiations, and suggests the treaty offer financial incentives for the early reporting of health emergencies:

>In case of a declared health emergency, resources need to flow to countries in which the emergency is occurring, triggering response elements such as financing and technical support. These are especially relevant for LMICs, and could be used to encourage and enhance the timely sharing of information by states, reassuring them that they will not be subject to arbitrary trade and travel sanctions for reporting, but instead be provided with the necessary financial and technical resources they require to effectively respond to the outbreak.

The UN also raises the question of countries being punished for non-compliance:

>[The treaty should possess] An adaptable incentive regime, [including] sanctions such as public reprimands, economic sanctions, or denial of benefits.

In other words, if you report disease outbreaks in a timely manner, you will get financial resources to deal with them. If you DON'T report disease outbreaks, or don’t follow the WHO’s directions, you will lose out on international aid and face trade embargoes and sanctions.

These proposed rules would incentivize reporting possible disease outbreaks. Some would suggest they actively encourage outbreaks.

[1]https://theindependentpanel.org/wp-content/uploads/2021/05/C...