According to wiki answers:
"Graphic art" is to the art of printmaking and drawing. In contemporary usage it refers to the applied trade-skills of a pressman, pre-press technician, or typesetter. The term can include the trades of lithography, serigraphy and bindery, among others. Graphic arts as a trade can be traced back to the first instances of the stamped image or word. Traditionally, graphic art is the production of a design on a medium like Rubber, Plexiglas, or other materials in order to transfer the images and/or make an impression/print to the materials of choice such as paper, cloth, wood, metals, and plastics etc. More recently graphic art refers to the generation of two-dimensional, computer-generated images. These images most often contain text along with other drawings. Graphic art is most often used in marketing.
"Fine art" (or the fine arts) describes an art form developed primarily for aesthetics and/or concept rather than practical application. Art is often a synonym for fine art, as employed in the term "art gallery".
Historically, the fine arts were limited to painting, sculpture, architecture and engraving. Today, the fine arts commonly include visual and performing art forms, such as painting, sculpture, installation, Calligraphy, music, dance, theatre, architecture, photography and printmaking. However, in some institutes of learning or in museums fine art, and frequently the term fine arts (pl.) as well, are associated exclusively with the visual art forms.