We summarise measurements of the COSY-11 collaboration concerning the excitation functions of the near threshold pseudoscalar meson production in the proton-proton interaction. The results are discussed in the context of the meson-nucleon and hyperon-nucleon interactions. We conclude that the $eta$-proton interaction is significantly stronger than the eta-proton interaction. Similarly, we found that the hyperon Lambda interacts with the nucleon considerably stronger than the hyperon Sigma, and that the interaction of (K-)-proton is much stronger than this of the (K+)-proton.